Oman’s inflation rate rises by 0.8% by end of October

Muscat: The inflation rate in the Sultanate of Oman rose by 0.8 percent at the end of October 2024 compared to the same month in 2023, according to data from the Consumer Price Index issued by the National Centre for Statistics and Information (NCSI).

The data indicated an increase in the prices of various goods and services groups by 4.8 percent, food and non-alcoholic beverages by 3.5 percent, health by 3.2 percent, culture and entertainment by 0.8 percent, restaurants and hotels by 0.6 percent, clothing and footwear by 0.5 percent, furniture, household equipment and maintenance by 0.4 percent, and education by 0.1 percent.

In contrast to a decrease in the prices of the transportation group by 2.6 percent and stability in the prices of the housing, water, electricity, gas and other fuels, communications and tobacco groups.

In the food and non-alcoholic beverages group, prices of vegetables rose by 8.9 percent, fruits by 8 percent, milk, cheese and eggs by 5.4 percent, oils and fats by 3.8 percent, meat by 2.8 percent, sugar, jam, honey and sweets by 2.4 percent, food products by 1.8 percent, bread and cereals by 0.8 percent, non-alcoholic beverages by 0.7 percent, and fish and seafood prices fell by 1.2 percent.

The South Al Sharqiyah Governorate recorded the highest inflation rate at the end of October 2024 compared to the same period last year, as the index rose by 1.9 percent, and also rose by 1.6 percent in the Al Wusta Governorate, and by 1.6 percent in the Musandam Governorate, and by 1.3 percent in the North Al Sharqiyah Governorate, and by 1.1 percent in the Ad Dakhiliyah Governorate.

The rate rose by 0.8 percent in the North Al Batinah Governorate, and by 0.7 percent in the Al Buraimi Governorate, and by 0.7 percent in the Ad Dhahirah Governorate, and by 0.6 percent in the Muscat Governorate, and by 0.4 percent in the South Al Batinah Governorate.